HFMF vs. ISMF
Compare and contrast key facts about Unlimited HFMF Managed Futures ETF (HFMF) and iShares Managed Futures Active ETF (ISMF).
HFMF and ISMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFMF is an actively managed fund by Unlimited. It was launched on Jul 14, 2025. ISMF is an actively managed fund by iShares. It was launched on Mar 12, 2025.
Performance
HFMF vs. ISMF - Performance Comparison
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HFMF vs. ISMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 11.75% | 6.34% |
ISMF iShares Managed Futures Active ETF | 3.84% | 13.07% |
Returns By Period
In the year-to-date period, HFMF achieves a 11.75% return, which is significantly higher than ISMF's 3.84% return.
HFMF
- 1D
- 1.40%
- 1M
- -1.69%
- YTD
- 11.75%
- 6M
- 12.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISMF
- 1D
- 0.21%
- 1M
- -1.88%
- YTD
- 3.84%
- 6M
- 9.57%
- 1Y
- 15.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HFMF vs. ISMF - Expense Ratio Comparison
HFMF has a 0.97% expense ratio, which is higher than ISMF's 0.80% expense ratio.
Return for Risk
HFMF vs. ISMF — Risk / Return Rank
HFMF
ISMF
HFMF vs. ISMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unlimited HFMF Managed Futures ETF (HFMF) and iShares Managed Futures Active ETF (ISMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HFMF | ISMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.56 | 1.87 | -0.31 |
Correlation
The correlation between HFMF and ISMF is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HFMF vs. ISMF - Dividend Comparison
HFMF's dividend yield for the trailing twelve months is around 2.66%, less than ISMF's 6.00% yield.
| TTM | 2025 | |
|---|---|---|
HFMF Unlimited HFMF Managed Futures ETF | 2.66% | 2.97% |
ISMF iShares Managed Futures Active ETF | 6.00% | 6.23% |
Drawdowns
HFMF vs. ISMF - Drawdown Comparison
The maximum HFMF drawdown since its inception was -7.77%, which is greater than ISMF's maximum drawdown of -4.23%. Use the drawdown chart below to compare losses from any high point for HFMF and ISMF.
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Drawdown Indicators
| HFMF | ISMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.77% | -4.23% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.23% | — |
Current DrawdownCurrent decline from peak | -6.48% | -2.10% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -1.70% | -1.41% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.93% | — |
Volatility
HFMF vs. ISMF - Volatility Comparison
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Volatility by Period
| HFMF | ISMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 8.24% | +9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 8.10% | +9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 8.10% | +9.56% |